Microfluidics licensing company IQ Micro (OTCBB: IQMC) recently told Market News First about some of the amazing innovations it’s been working on in recent years, the most notable being its microfluidic technology, which promises to revolutionize numerous industries the world over.IQ Micro’s CFO, Robert Rudman, recently told MN1 how the company got its start, and where it plans on heading in the future.
“Our parent company is a Norwegian-based life sciences R&D company, and they have been developing two different technologies for eight years now,” Rudman told MN1. “About two years ago, it became obvious to them to start marketing those technologies, particularly in the U.S. After that, it was established we needed a U.S. presence.”
That’s where IQ Micro comes into play. As the U.S. Sales and marketing arm of this European technology, IQ Micro has access to these emerging technologies before they hit the market.
“There are two basic technologies in what we refer to as the microfluidic field,” Rudman said. “It’s approaching the nanotechnology side of things, where our parent company has developed what we refer to as a ‘micropump.’ As the name would suggest, [the micropump is] a very small pump that can pump liquids in a precise flow – what we’re talking about here is the possibility to place up to 100 of these pumps on a single computer chip.”
Rudman said that the possibilities presented by microfluidic technologies are endless.
“For example … IQ micro is aggressively marketing fuel cells,” Rudman said. “For instance, batteries in cell phones today are fueled by lithium power, and there’s a paradigm shift in the industry to eliminate lithium as the substance inside these batteries because it’s toxic and non-biodegradable. Some of the companies in the field are aggressively looking for replacement technologies, and all of these [proposed] technologies are liquid form. We’re working with a couple of the leading fuel cell companies out there to develop micropumps that can function within the next generation of battery.”
“It’s very exciting and we’ll be mentioning something [regarding that] soon,” Rudman added.
Naturally, IQ Micro’s micropump technology lends itself to other fields. The company is already developing something they call an “osmotic membrane” – a water-repelling fabric that reportedly has drawn a great deal of interest from some major sports clothing manufacturers. IQ Micro is also planning on expanding its technology to drug delivery systems once a merger with an as-yet-unnamed European company is completed.
“This company was entirely focused on diabetes monitoring,” Rudman said. “They had developed a sensor to monitor diabetes. This sensor is very small, about the size of a grain of rice. It can sense pressure within the body as a result of glucose increases or decreases in the blood, it can also release a signal to a receiver advising the patient the glucose reading is either too high or too low.
“We’re now in the process of determining how this technology can be transferred down to IQ Micro,” Rudman added. “We’re about to announce something on that.”
Naturally, this amazing technology has attracted the interest of numerous investors, mainly companies in the life sciences industry. While the company couldn’t release any specifics about some of the companies they were dealing with, they did say that there’s been a lot of “positive interest.”
“It’s amazing the reaction we’re getting from the life sciences community,” Rudman said. “It’s very positive, especially our unique approach being taken to [some of these] problems. There’s a great deal of exciting technology coming out of Scandinavia.”